round one: election reaction realities. did the market immediately sell off because president obama was re-elected? > > let me hear this one, alan. go ahead, tell us. > > absolutely, positively not. this was a sell-the-fact-type exit for a lot of people. it had always been priced in that obama was going to win. we're going to have a democratic senate, democratic president, and republican house. so nothing has changed. and guess what happened the last time nothing changed? the market was up over 100% over the last four years. > > here's what really happened. starting back in late of last year, you saw the chances for a republican candidate begin to rise, and it actually heated up here over the past couple- > > never got above 50% in the last year. > > hold on the sec, i'm going to talk. the s&p rallied about 215 points in that period of time. we lost about 3-4% over the past couple of days, and i think if you just look at it, if you just look at the futures reaction to what happened with obama's becoming president- > > we we